North Dakota corn acreage is expected to decline significantly this year. Advance Trading Risk Management Advisor Tommy Grisafi says the rising fertilizer costs are a major factor. “Clients in North Dakota have been telling me for months that it would be ABC–anything but corn,” said Grisafi. “Not everyone up here is set up to grow corn, especially $7 corn with high input costs.” Grisafi is featured in ‘The Bullpen’ interview on the Red River Farm Network YouTube channel. The commodity markets are extremely volatile, especially with rising inflation. “We are on the verge of hyper-inflation for certain sectors of the economy. Some of this inflation is due to the COVID hangover and now you throw Ukraine and Russia into that.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.